Nc Payroll Calculator – Loan calculator

North Carolina Payroll Calculator

Use this calculator to estimate your net pay after federal, FICA, and North Carolina state taxes, along with common deductions.

Gross Pay per Period:

Pay Frequency: Weekly Bi-weekly Semi-monthly Monthly

Federal Withholding Information

Federal Filing Status: Single Married Filing Jointly

Number of Federal Dependents:

North Carolina Withholding Information

NC Filing Status: Single Married Filing Jointly

Number of NC Dependents:

Deductions

Pre-tax 401(k) Contribution per Period:

Pre-tax Health Insurance per Period:

Payroll Summary

Gross Pay:

Pre-tax Deductions:

Federal Income Tax:

Social Security Tax:

Medicare Tax:

NC State Income Tax:

Post-tax Deductions:

Total Deductions:

Net Pay:

Understanding Your North Carolina Paycheck

Navigating your paycheck can sometimes feel complex, especially with various taxes and deductions. A North Carolina payroll calculator helps you understand how your gross earnings translate into your net take-home pay, considering federal, FICA, and specific North Carolina state taxes.

Gross Pay vs. Net Pay

Gross Pay is the total amount of money you earn before any deductions are taken out. This is typically your hourly wage multiplied by hours worked, or your annual salary divided by your pay periods.

Net Pay, often referred to as your take-home pay, is the amount you receive after all taxes and deductions have been subtracted from your gross pay.

Federal Withholding Taxes

The federal government requires employers to withhold income tax from your wages. The amount withheld depends on several factors, primarily your filing status (Single, Married Filing Jointly, etc.) and the information you provide on your W-4 form, including any dependents or additional withholding requests. The IRS uses a progressive tax system, meaning higher earners pay a higher percentage of their income in taxes.

FICA Taxes (Social Security and Medicare)

FICA stands for the Federal Insurance Contributions Act, which funds Social Security and Medicare programs. These are mandatory deductions:

Social Security: As of 2024, employees contribute 6.2% of their wages up to an annual wage base limit ($168,600 for 2024). This tax helps fund retirement, disability, and survivor benefits.
Medicare: Employees contribute 1.45% of all wages, with no wage base limit. This tax helps fund hospital insurance for the elderly and disabled.

Your employer also pays a matching amount for both Social Security and Medicare taxes.

North Carolina State Income Tax

North Carolina stands out for its relatively simple state income tax system. Unlike many states with progressive tax brackets, North Carolina has been transitioning to a flat tax rate. For 2024, the state income tax rate is 4.6% on taxable income. Taxable income for NC purposes is generally your gross income minus certain deductions, such as the NC standard deduction and dependent deductions, which vary based on your filing status.

Common Deductions

Beyond mandatory taxes, your paycheck may include various deductions:

Pre-tax Deductions: These are deductions taken from your gross pay before taxes are calculated, effectively reducing your taxable income. Common examples include contributions to a 401(k) or 403(b) retirement plan, health insurance premiums, and Flexible Spending Account (FSA) contributions.
Post-tax Deductions: These deductions are taken after taxes have been calculated. Examples include Roth 401(k) contributions, union dues, garnishments, or certain charitable contributions. While they reduce your net pay, they do not reduce your taxable income.

How to Use the Calculator

To use the North Carolina Payroll Calculator, simply input your gross pay per period, select your pay frequency, and provide your federal and NC filing statuses and number of dependents. Enter any pre-tax or post-tax deductions you have. The calculator will then provide an estimated breakdown of your taxes and net pay, helping you better plan your finances.

Disclaimer: This calculator provides estimates for informational purposes only. Actual payroll calculations may vary based on specific circumstances, additional deductions, and changes in tax laws. Consult with a qualified tax professional for personalized advice.

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var preTax401k = parseFloat(document.getElementById('preTax401k').value); var preTaxHealth = parseFloat(document.getElementById('preTaxHealth').value); var ncFilingStatus = document.getElementById('ncFilingStatus').value; var ncDependents = parseInt(document.getElementById('ncDependents').value); var postTaxDeductions = parseFloat(document.getElementById('postTaxDeductions').value); // Validate inputs if (isNaN(grossPayAmount) || grossPayAmount < 0) grossPayAmount = 0; if (isNaN(federalDependents) || federalDependents < 0) federalDependents = 0; if (isNaN(preTax401k) || preTax401k < 0) preTax401k = 0; if (isNaN(preTaxHealth) || preTaxHealth < 0) preTaxHealth = 0; if (isNaN(ncDependents) || ncDependents < 0) ncDependents = 0; if (isNaN(postTaxDeductions) || postTaxDeductions < 0) postTaxDeductions = 0; // Pay Periods per Year var payPeriodsPerYear; switch (payFrequency) { case 'weekly': payPeriodsPerYear = 52; break; case 'biweekly': payPeriodsPerYear = 26; break; case 'semimonthly': payPeriodsPerYear = 24; break; case 'monthly': payPeriodsPerYear = 12; break; default: payPeriodsPerYear = 26; // Default to bi-weekly } // Annualize amounts var annualGrossPay = grossPayAmount * payPeriodsPerYear; var annualPreTax401k = preTax401k * payPeriodsPerYear; var annualPreTaxHealth = preTaxHealth * payPeriodsPerYear; var annualPreTaxDeductions = annualPreTax401k + annualPreTaxHealth; // — FICA Taxes (2024 rates) — var socialSecurityRate = 0.062; var socialSecurityLimit = 168600; // 2024 limit var medicareRate = 0.0145; var socialSecurityTaxAnnual = Math.min(annualGrossPay, socialSecurityLimit) * socialSecurityRate; var medicareTaxAnnual = annualGrossPay * medicareRate; // — Federal Income Tax (Simplified 2024 Brackets) — var federalTaxableIncomeAnnual = annualGrossPay – annualPreTaxDeductions; // Simplified Standard Deductions (2024) and Dependent Credit var federalStandardDeduction; var federalDependentCredit = 2000; // Simplified credit per dependent for calculation purposes if (federalFilingStatus === 'single') { federalStandardDeduction = 13850; } else { // marriedJointly federalStandardDeduction = 27700; } // Reduce taxable income by standard deduction and dependent credits federalTaxableIncomeAnnual = federalTaxableIncomeAnnual – federalStandardDeduction – (federalDependentCredit * federalDependents); if (federalTaxableIncomeAnnual 609350) { federalTaxAnnual += (incomeRemaining – 609350) * 0.37; incomeRemaining = 609350; } if (incomeRemaining > 243725) { federalTaxAnnual += (incomeRemaining – 243725) * 0.35; incomeRemaining = 243725; } if (incomeRemaining > 191950) { federalTaxAnnual += (incomeRemaining – 191950) * 0.32; incomeRemaining = 191950; } if (incomeRemaining > 100525) { federalTaxAnnual += (incomeRemaining – 100525) * 0.24; incomeRemaining = 100525; } if (incomeRemaining > 47150) { federalTaxAnnual += (incomeRemaining – 47150) * 0.22; incomeRemaining = 47150; } if (incomeRemaining > 11600) { federalTaxAnnual += (incomeRemaining – 11600) * 0.12; incomeRemaining = 11600; } if (incomeRemaining > 0) { federalTaxAnnual += incomeRemaining * 0.10; } } else { // marriedJointly if (incomeRemaining > 731200) { federalTaxAnnual += (incomeRemaining – 731200) * 0.37; incomeRemaining = 731200; } if (incomeRemaining > 487450) { federalTaxAnnual += (incomeRemaining – 487450) * 0.35; incomeRemaining = 487450; } if (incomeRemaining > 383900) { federalTaxAnnual += (incomeRemaining – 383900) * 0.32; incomeRemaining = 383900; } if (incomeRemaining > 201050) { federalTaxAnnual += (incomeRemaining – 201050) * 0.24; incomeRemaining = 201050; } if (incomeRemaining > 94300) { federalTaxAnnual += (incomeRemaining – 94300) * 0.22; incomeRemaining = 94300; } if (incomeRemaining > 23200) { federalTaxAnnual += (incomeRemaining – 23200) * 0.12; incomeRemaining = 23200; } if (incomeRemaining > 0) { federalTaxAnnual += incomeRemaining * 0.10; } } // — North Carolina State Income Tax (2024 rates) — var ncStateTaxRate = 0.046; // 4.6% flat rate for 2024 // NC Standard Deductions (2024) and Dependent Deduction var ncStandardDeduction; var ncDependentDeduction = 2500; // Per dependent if (ncFilingStatus === 'single') { ncStandardDeduction = 12750; } else { // marriedJointly ncStandardDeduction = 25500; } var ncTaxableIncomeAnnual = annualGrossPay – annualPreTaxDeductions – ncStandardDeduction – (ncDependentDeduction * ncDependents); if (ncTaxableIncomeAnnual < 0) ncTaxableIncomeAnnual = 0; var ncStateTaxAnnual = ncTaxableIncomeAnnual * ncStateTaxRate; // — Per Period Calculations — var federalTaxPerPeriod = federalTaxAnnual / payPeriodsPerYear; var socialSecurityTaxPerPeriod = socialSecurityTaxAnnual / payPeriodsPerYear; var medicareTaxPerPeriod = medicareTaxAnnual / payPeriodsPerYear; var ncStateTaxPerPeriod = ncStateTaxAnnual / payPeriodsPerYear; var totalPreTaxDeductionsPerPeriod = preTax401k + preTaxHealth; var totalPostTaxDeductionsPerPeriod = postTaxDeductions; var totalDeductionsPerPeriod = federalTaxPerPeriod + socialSecurityTaxPerPeriod + medicareTaxPerPeriod + ncStateTaxPerPeriod + totalPreTaxDeductionsPerPeriod + totalPostTaxDeductionsPerPeriod; var netPayPerPeriod = grossPayAmount – totalDeductionsPerPeriod; // Display results document.getElementById('grossPayResult').innerText = '$' + grossPayAmount.toFixed(2); document.getElementById('preTaxDeductionsResult').innerText = '$' + totalPreTaxDeductionsPerPeriod.toFixed(2); document.getElementById('federalTaxResult').innerText = '$' + federalTaxPerPeriod.toFixed(2); document.getElementById('socialSecurityTaxResult').innerText = '$' + socialSecurityTaxPerPeriod.toFixed(2); document.getElementById('medicareTaxResult').innerText = '$' + medicareTaxPerPeriod.toFixed(2); document.getElementById('ncStateTaxResult').innerText = '$' + ncStateTaxPerPeriod.toFixed(2); document.getElementById('postTaxDeductionsResult').innerText = '$' + totalPostTaxDeductionsPerPeriod.toFixed(2); document.getElementById('totalDeductionsResult').innerText = '$' + totalDeductionsPerPeriod.toFixed(2); document.getElementById('netPayResult').innerText = '$' + netPayPerPeriod.toFixed(2); } // Run calculation on page load with default values window.onload = calculateNCPayroll;